Market News

Improved outlook for UAE markets as Emaar breaks out

(Gulfnews - 6/18/2017 1:21:00 AM)

The Dubai Financial Market General Index (DFMGI) gained 59.34 or 1.75 per cent last week to end at 3,495.44, its third-week up in a row and its strongest performance in 10 weeks. Most issues were up as there were 23 advancing issues against 11 declining, ...

Technical analysis of the QSE index

(Gulf Times - 6/18/2017 1:20:00 AM)

The Qatar Index closed at 9,257.90; up 0.22% from the week before. The stability above the 9,000 is important for market; that could be a strong support level to bounce off. The next support level is at 8,300 and our expected resistance is around the ...

Kuwait index winds up week on positive note – Americana jumps 40 fils;

(Arab Times - 6/17/2017 1:00:00 AM)

Kuwait stocks pulled higher on Thursday to wind up the week on a robust note. The price index rallied 31.24 points in volatile trade to 6,810.68 points helped by renewed buying in select counters. The heavyweights however closed mixed. The KSX 15 ...

Qatar Stock index gains 94.53 points

(The Peninsula - 6/15/2017 8:28:00 AM)

Qatar Stock Exchange (QSE) index gained 94.53 points (+1.04%) when the bourse closed trading at 9,189.98 points Wednesday. The volume of shares traded increased to 16,321,373 from 13,606,099 on Tuesday and the value of shares increased QR349,944,242.41 ...

DFM gains for seventh session despite scattered trading

(Gulfnews - 6/15/2017 1:04:00 AM)

Dubai stocks gained for a seventh session on Wednesday, trading above the critical resistance level even as stocks witnessed scattered buying across names. The Dubai Financial Market General Index closed 0.26 per cent higher at 3,450.78, after gaining 4 ...

Weak sentiments continue to weigh on Oman share index

(Times of Oman - 6/15/2017 12:49:00 AM)

Weak sentiments continue to weigh on the MSM30 Index, as it declined 0.24 per cent to end at 5,300.71 points. The MSM Sharia Index closed at 777.74 points, down 0.33 per cent. Bank Nizwa was the most active in terms of volume while Bank Muscat led in ...

UAE stocks continue to book profits

(The Gulf Today - 6/15/2017 12:42:00 AM)

For the third straight session and despite a profit booking spree involving blue-chips that hit record highs over the past few days, UAE stock markets continued their positive streak on Wednesday, driven by a bullish performance at the real estate ...

Most GCC stock markets rise

(Saudi Gazette - 6/15/2017 12:21:00 AM)

Most major stock markets in the Gulf rose on Wednesday as shares in Qatar picked up and Saudi Arabian banks rose on expectations for a US interest rate hike later in the day. “Higher interest rates mean higher net interest margins and with the economy ...

Banking shares lift Saudi bourse

(Arab News - 6/15/2017 12:14:00 AM)

Most major stock markets in the Gulf rose on Wednesday. Saudi Arabia’s banks rose on expectations of a US interest rate hike. “Higher interest rates mean higher net interest margins and with the economy now coming off a slowdown and with better liquidity ...

Investors wary with Qatar stocks in downturn

(The National - 6/14/2017 2:36:00 AM)

A week after the UAE, Saudi Arabia, Bahrain and Egypt announced the suspension of diplomatic, transport and economic links with Qatar, the country’s stocks remain firmly in the doldrums. The country’s bourse, the Qatar Exchange, has the world’s worst ...